National Fuel Gas Company $NFG Shares Bought by Invesco Ltd.

Key Points

• Invesco Ltd. has increased its stake in National Fuel Gas Company by 93.7%, owning approximately 1.05% of the company after purchasing an additional 460,100 shares in the first quarter.
• Several institutional investors, including Assetmark Inc. and Cranbrook Wealth Management LLC, have also significantly increased their positions in National Fuel Gas, which now sees 73.96% of its stock owned by institutional investors.
• The company has recently reported a quarterly dividend increase to $0.535 per share, boosting the annualized dividend yield to 2.5%, while also revealing earnings per share of $1.64 that exceeded expectations.

Invesco Ltd. raised its position in National Fuel Gas Company (NYSE:NFG - Free Report) by 93.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 951,069 shares of the oil and gas producer's stock after purchasing an additional 460,100 shares during the quarter. Invesco Ltd. owned 1.05% of National Fuel Gas worth $75,315,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in NFG. LSV Asset Management raised its position in shares of National Fuel Gas by 29.6% during the 1st quarter. LSV Asset Management now owns 2,153,236 shares of the oil and gas producer's stock worth $170,515,000 after acquiring an additional 491,890 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in National Fuel Gas by 2.1% in the 1st quarter. Bank of New York Mellon Corp now owns 1,104,852 shares of the oil and gas producer's stock valued at $87,493,000 after purchasing an additional 22,320 shares in the last quarter. Northern Trust Corp grew its holdings in National Fuel Gas by 37.9% during the fourth quarter. Northern Trust Corp now owns 1,019,072 shares of the oil and gas producer's stock worth $61,837,000 after acquiring an additional 279,857 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of National Fuel Gas by 4.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 989,487 shares of the oil and gas producer's stock worth $60,043,000 after purchasing an additional 43,656 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in National Fuel Gas by 98.9% during the first quarter. Mackenzie Financial Corp now owns 715,645 shares of the oil and gas producer's stock worth $56,672,000 after buying an additional 355,800 shares in the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

National Fuel Gas Stock Performance

Shares of NYSE NFG traded up $0.73 during mid-day trading on Wednesday, hitting $86.85. The company had a trading volume of 316,659 shares, compared to its average volume of 642,771. National Fuel Gas Company has a 12 month low of $58.47 and a 12 month high of $89.82. The stock has a market cap of $7.85 billion, a price-to-earnings ratio of 32.66, a PEG ratio of 0.50 and a beta of 0.65. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.46 and a quick ratio of 0.39. The firm's 50 day simple moving average is $85.85 and its two-hundred day simple moving average is $80.35.

National Fuel Gas (NYSE:NFG - Get Free Report) last issued its earnings results on Wednesday, July 30th. The oil and gas producer reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.14. National Fuel Gas had a return on equity of 20.81% and a net margin of 11.15%.The firm had revenue of $531.83 million for the quarter, compared to analyst estimates of $596.12 million. During the same period last year, the company earned $0.99 earnings per share. The firm's revenue for the quarter was up 27.4% on a year-over-year basis. National Fuel Gas has set its FY 2026 guidance at 8.000-8.500 EPS. FY 2025 guidance at 6.800-6.950 EPS. As a group, equities research analysts forecast that National Fuel Gas Company will post 6.64 earnings per share for the current year.

National Fuel Gas Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $0.535 per share. This is a boost from National Fuel Gas's previous quarterly dividend of $0.52. The ex-dividend date was Monday, June 30th. This represents a $2.14 dividend on an annualized basis and a yield of 2.5%. National Fuel Gas's payout ratio is presently 80.45%.

Wall Street Analyst Weigh In

NFG has been the topic of several recent research reports. Bank of America upgraded shares of National Fuel Gas from an "underperform" rating to a "buy" rating and boosted their price objective for the stock from $85.00 to $107.00 in a research report on Tuesday, July 15th. Wall Street Zen downgraded shares of National Fuel Gas from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Scotiabank reiterated an "outperform" rating on shares of National Fuel Gas in a report on Wednesday, August 13th. Finally, Zacks Research cut National Fuel Gas from a "strong-buy" rating to a "hold" rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, National Fuel Gas currently has a consensus rating of "Moderate Buy" and an average target price of $96.67.

National Fuel Gas Company Profile

National Fuel Gas Company operates as a diversified energy company. It operates through four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment explores for, develops, and produces natural gas and oil. The Pipeline and Storage segment provides interstate natural gas transportation services through an integrated gas pipeline system in Pennsylvania and New York; and owns and operates underground natural gas storage fields.